Embedded Banking Financial Crime Oversight Lead in London

Trust unlocks our greatest potential. For decades, the clearing of payments remained unchanged and unchallenged. We asked, what if there was a better way? What if we could make banking infrastructure faster, safer, more reliable, and easier to access for all? Here is where you can think radically and responsibly to find the best solution.

What happens when you know you’re inherently trusted? Trust creates safety. Safety encourages you to be brave, to challenge, to fail, to try new things and to execute. At ClearBank everything revolves around trust. We’re not expected to earn it, but we are expected not to break it. We’re trusted to own it. To solve issues in the moment. To know a good risk when we see one, and the judgement to know that ‘can’ doesn’t always mean you ‘should’.

What you can expect: ClearBank is a place where you can do things differently and challenge the status quo. We will give you a high level of autonomy and transparency, and we trust you to make the right decisions for the bank.

Your role includes:

• Ensuring and overseeing compliance with all internal policies, standards, industry guidance and regulation.
• Leading the completion of the Financial Crime Systems and Controls Assessments for all new Embedded Banking relationships in accordance with policies, standards, and procedures.
• Responsible for the monitoring and oversight of existing Embedded Banking Partners in accordance with standards and procedures from a financial crime perspective.
• Ensuring all oversight activities are completed in accordance with the Oversight Model.
• Continuously assessing and updating financial crime aspects of Embedded Banking Partners Risk and Control registries.
• Defining and reporting internal and external Key Risk Indicators enabling data driven performance monitoring.
• Chairing all Embedded Banking Partner financial crime governance sessions where required.
• Responsible for maintenance of Embedded Banking Partner Management Procedures covering Onboarding & Oversight from a financial crime perspective.
• Supporting the delivery of relevant aspects of the Embedded Banking change programme.
• Supporting the development and implementation of new financial crime systems and controls.
• Building and maintaining knowledge of all relevant legislation, regulatory changes, and industry best practice.

What you’ll bring:

• Significant expertise in risk and control frameworks and compliance with regulatory standards specifically in relation to financial crime, especially in relation to outsourcing of those controls.
• Audit, assurance or consultancy background with significant experience in the oversight and review/assessment of the adequacy and effectiveness of financial crime control frameworks.
• Strong understanding of sectors such as money remittance, electronic money, APIs, Cryptocurrency firms, and merchant acquirers is a plus.
• Experience dealing with complex and varied business models.
• Self-starter, able to work independently when needed, and to prioritise tasks.
• Ability to communicate and negotiate with key stakeholders and customers.
• Strong attention to detail and good judgement.
• Work to tight deadlines, whilst maintaining high level of quality and competency.
• Strong organisational skills with the ability to manage competing priorities.

What makes a great ClearBank team member? Does this sound like you?

• You focus on solutions and positive outcomes, thinking radically and responsibly to find the best result for our customers, your colleagues and the bank.
• You actively seek feedback from others to drive your growth and development, always assuming positive intent from others and develop strong, trusting relationships with your colleagues and customers: you really, genuinely care.
• You always strive for the highest quality, but you know that done is better than perfect; you welcome a challenge knowing that they learn as you go and iterate.
• ‘I’ before ’we’, isn’t in your vocabulary.

What we offer in return:

• We're flexible – We support a culture of flexibility which allows our employees to achieve a strong work-life balance.
• Offices – Work in a way that works for you – whether that’s in the London office, at home, or hybrid.
• Holiday – 27 days of annual leave per year, plus bank holidays.
• Holiday buy/sell - Buy or sell up to five days of annual leave each year and shape your year around what matters most.
• Work abroad – You have the flexibility to work outside of the UK for up to 30 days in a rolling 12-month period.
• Socials – Regular social events open to all.
• Holiday swap – Option to swap your bank holidays to any other day of your choice.